Ah Long forces borrower to pay RM500 for every 30-minute delay in repayment

KUALA LUMPUR: An insurance agent borrowed money from an Ah Long and paid it back, but he was 90 minutes late.

Now the Ah Long is threatening that he pay RM1,500 as penalty for paying late.

The victim, who wished to be known only as Chan, 25, is afraid for his family's life.

"I borrowed RM3,000 from the loan shark called JJ on Dec 31, and paid the full amount.

"Now he is demanding an extra RM1,500 as penalty for late payment and is threatening to chop my hands off and injuring my family," said Chan at a press conference held by MCA Public Service and Complaints Department chairman Datuk Seri Michael Chong (pic) at Wisma MCA here Friday (Jan 19).

Chan has since lodged a police report.

Chong said that the Ah Long menace is getting out of hand.

"They are getting more and more unreasonable. This year alone, in the first 19 days, I have 16 cases of people owing Ah Longs over RM2.11mil," he said.

Chong even called JJ on the phone at the press conference and put it on speaker for everyone to hear.

He tried reasoning with the loan shark to leave Chan's family alone but the loan shark refused.

"I don't have to listen to you. I will do what must be done to get him to pay," said the loan shark.

Chong said these loan sharks are fearless and do not care about the police.

"There is no paper trail and you never meet them face to face. Even the bank account they give you is not under their name so it is very difficult for the police to track them," he said.

Chong urged everyone to stay away from unlicensed money lenders and be cautious about who they borrow money from.

"These conmen, once they trap you, will make you pay forever until they destroy not only your life, but the lives of your loved ones too," he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Micheal Chong , Ah Long , Moneyleaders , victim , Loan Shark ,


Next In Nation

Resolve citizenship issue for children born to Malaysian mums quickly, Wanita MCA urges govt
Female green turtle found dead at Terengganu's Pantai Pandak
Covid-19 Watch: 83.1% of Malaysia's adult population fully vaccinated
Covid-19: Malaysia's death toll reaches 25,159 with 228 total fatalities reported Saturday (Sept 25)
117 summonses issued in traffic operation in Kuantan
Six issued with RM5,000 compound notices each for crossing state border for holiday to Pulau Redang
PM congratulates Maryam Muzamir for triple gold medal win at iCAN
Cops arrest 11 for drink-driving in weekend ops
Malaysia only seeking China's views on Aukus, says Hishammuddin
Experts: Study our own data before deciding on next shot

Stories You'll Enjoy